Lorenzo International Limited provided earnings guidance for the six months ended June 30, 2015. For the period, the board of directors of the Group is expected to report a net loss for the six months ended June 30, 2015. The deterioration in the Group's results was mainly due to several negative trends converging at the same time including: a further weakening in global demand resulting in poorer export sales; generally weaker consumer demand for furniture in core market such as Malaysia due to recent Goods and Services Tax implementation plus weakening of the Malaysian currency.
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5-day change | 1st Jan Change | ||
0.016 SGD | +23.08% | -.--% | -.--% |
1st Jan change | Capi. | |
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-.--% | 5.19M | |
-3.20% | 15.46B | |
+1.78% | 5.32B | |
-7.57% | 2.6B | |
+42.62% | 2.38B | |
+24.17% | 1.11B | |
+22.13% | 850M | |
+19.40% | 805M | |
-6.04% | 552M | |
-16.39% | 479M |
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- Lorenzo International Limited Provides Earnings Guidance for the Six Months Ended June 30, 2015